Work Place Pensions

Automatic Enrolment is a Government initiative to help more people save for later life through the Work Place Pension scheme. In the past, many workers missed out on valuable pension benefits, because their employer didn’t offer them a pension or they didn’t apply to join their company’s pension scheme. Automatic enrolment changed this.  

Under the Pensions Act 2008, it is compulsory for every employer in the UK to enrol eligible staff into a workplace pension scheme and contribute towards it. This is called 'automatic enrolment'. If you employ at least one person you are an employer and you have certain legal duties.*

Eligible Staff should be automatically enrolled into the workplace pension scheme, if they are not already active members of a workplace pension scheme that meets a set of minimum standards. The employer must make pension contributions to the pension scheme and the worker may also have to contribute. Workers who do not want to join the scheme may opt out for a three year period. Employers are, however, required to continue automatically enrolling eligible workers who’ve opted out, every three years.

Auto-Enrolment of Pensions is already an integral element of our comprehensive Payroll Bureau Service.

As we are a registered delegate for NEST (the Workplace Pension scheme set up by the Government), Barnstone can set up and process any requirement that you may have in regard to Work Place Pension schemes.

Should you need further advice regarding Workplace Pensions then please contact us at Barnstone Accountancy - we will be more than happy to help you.

*Further information can also be obtained at the following website:- www.thepensionsregulator.gov.uk